Schlumberger: 4Q Earnings Snapshot

THE HAGUE, Netherlands (AP) _ Schlumberger NV (SLB) on Friday reported fourth-quarter earnings of $333 million.

On a per-share basis, the The Hague, Netherlands-based company said it had profit of 24 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The world's largest oilfield services company posted revenue of $8.23 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $8.19 billion.

For the year, the company reported a loss of $10.14 billion, or $7.32 per share, swinging to a loss in the period. Revenue was reported as $32.92 billion.

Schlumberger shares have fallen 3.5% since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 3%. The stock has declined 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLB at https://www.zacks.com/ap/SLB